Advance Auto Parts

Corporately guaranteed by Advance Auto Parts Inc.
Limited landlord responsibilities
Recent extension, showing strong commitment to the site
Significant 14.1% rental increases in the option period, which provides investors a hedge against inflation
Healthy rent to sales ratio of 7.83%
Long Operating History: Advance Auto has been at the site since 1994
Subject property is located in an Opportunity Zone, sitting on an oversized parcel of 1.27 acres
Advance Auto parts is currently paying a low rent of $103,200 ($10.32 Rent PSF)
The property is located in a retail corridor surrounded by many national tenants such as Wells Fargo, Harbor Freight, Planet Fitness, Burger King, Subway, Domino’s Pizza, & McDonald’s
The property currently sees over ±26,000 VPD
Advance Auto Parts is a publicly traded company – NYSE: AAP
Credit rated tenant, S&P Global: BB+, Moody’s: Baa3
Long Operating History, (91 Years), with over ±4,777 locations

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